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Author Topic: 2013-05-23 CNN MONEY Why PayPal is Bullish on Bitcoin  (Read 1547 times)
Piper67
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May 23, 2013, 06:44:09 PM
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http://tech.fortune.cnn.com/2013/05/23/why-paypal-is-bullish-on-bitcoin/

hat tip to reddit for this one
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May 23, 2013, 07:38:54 PM
 #2

Quote
and concerns that the currency is being used for illegal activities.

 Shocked Shocked Shocked

Luckily the dollar is not used for illegal activities.  Smiley
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May 23, 2013, 08:44:15 PM
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Strangely I think I could warm to 'synthetic currency' as a moniker. It sounds futuristic and cool.
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May 23, 2013, 08:45:36 PM
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Another indication that Paypal is watching bitcoin closely.

WebMoney is already demonstrating that bitcoin can sucessfully be integrated into an existing multi-currency payment system as "just another currency". It wouldn't be too surprising to see Paypal adopt a similar strategy. Combined with Paypal's massive ongoing rollout into retail payments, this would be quite significant. Bitcoin could be used anywhere Paypal was accepted, with no additional merchant buy-in required (... and most importantly for Paypal - it would hitch its existing merchant fee structure to a significant portion of the bitcoin economy).

                         
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Piper67
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May 23, 2013, 10:28:26 PM
 #5

Strangely I think I could warm to 'synthetic currency' as a moniker. It sounds futuristic and cool.

Strangely enough, I kind of agree  Cheesy
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May 23, 2013, 11:05:12 PM
 #6

Not a bad article.  Shows that bitcoin is getting more "commonplace"

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CurbsideProphet
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May 23, 2013, 11:14:04 PM
 #7

Complete crap.  He tips his hand at the very end of the article, Paypal is not going to support Bitcoin, they already think the user base is comprised of only "zealots and criminals."

Bitcoin doesn't need backhanded "endorsements" from decrepit companies that should have been bankrupt years ago if not for making the very lucky decision of latching onto Ebay's balls. 

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May 23, 2013, 11:27:55 PM
 #8

Complete crap.  He tips his hand at the very end of the article, Paypal is not going to support Bitcoin, they already think the user base is comprised of only "zealots and criminals."

Bitcoin doesn't need backhanded "endorsements" from decrepit companies that should have been bankrupt years ago if not for making the very lucky decision of latching onto Ebay's balls.  

Thanks for pointing that out, so I could just skim to the end. It was getting painful to look at that article with a leering photo of a used-car-with-banana-skins-in-the-gearbox salesman.

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May 23, 2013, 11:50:33 PM
 #9

Article has almost nothing to do with Bitcoin.

It's just Paypal trying to promote their mobile wallet and thinking that mentioning a few sentences about Bitcoin get them more press.

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May 24, 2013, 01:56:57 AM
 #10

"Zealots and criminals" ... pot kettle black ... Wall St., D.C. PayPal

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